Tech mogul Elon Musk issues sarcastic SEC post as the regulator failed to have him fined
From Dubai’s vibrant tech hubs to Manila’s dynamic startup scene, December 2024 is filled with events you shouldn’t miss. Whether you’re into blockchain, fintech, or AI, there’s something for everyone. This is your opportunity to meet industry leaders, stay ahead of trends, and unlock new opportunities. Wiki Finance EXPO Dubai Date: November 27, 2024 Time:
The post Elon Musk Warns US is Headed Towards Bankruptcy : Can Trump’s Bitcoin Reserve Plan Fix It? appeared first on Coinpedia Fintech News According to the latest D.O.G.E report, the U.S. government’s financial crisis deepened in FY2023, with a staggering $6.16 trillion in spending against only $4.47 trillion in revenue, leading to an ever-widening deficit. The last time the government ran a budget surplus was back in 2001, and now there is a strong call to reverse this …
Crazy Biden could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Crazy Biden (CRAZBIDE), a new Solana memecoin that was launched today, is set to explode over 19,000% in price in the coming days. This is because CRAZBIDE is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Crazy Biden can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to
Key Takeaways The dYdX exchange captured significant attention late last year with the launch of its proprietary blockchain. The platform aimed to migrate its existing dYdX tokens from Ethereum to this new mainnet. However, in the fall of 2024, the platform disclosed that it was reducing its workforce by 35%. As dYdX’s on-chain activities surge,
Cardano (ADA) has made headlines with a remarkable 24% surge in just 24 hours, surpassing the $1 threshold for the first time since April 2022. With 71% of ADA holders
As Bitcoin inches closer to its anticipated $100K milestone, a notable supply squeeze on exchanges sparks renewed investor interest. The rapid increase in Bitcoin withdrawals, totaling $6.37 billion recently, indicates
A widely followed analyst is leaning bullish on Bitcoin (BTC) amid the flagship’s rally of close to 50% over the past 30 days. The analyst pseudonymously known as Pentoshi tells his 821,000 followers on the social media platform X that Bitcoin could go up by around 82% from the current level. But the analyst notes The post $180,000 Bitcoin Incoming Before BTC Goes ‘Higher Than We All Imagined,’ Says Top Analyst – Here’s His Timeline appeared first on The Daily Hodl .
The world’s richest man, Elon Musk, has secured victory in a legal battle with the US Securities and Exchange Commission (SEC). This came as the court refused the Commission’s request to sanction Musk regarding the X acquisition deal for $44 billion. Court Rules In Favor Of Elon Musk Against US SEC According to a Bloomberg The post Elon Musk Secures Victory Against US SEC As Court Rejects Sanction Request appeared first on CoinGape .
Solana (SOL) has recorded a new all-time high (ATH) of $262, marking a historic recovery after three years of tumultuous price action. Notably, the token had once fallen as low as $8 at the peak of the FTX exchange collapse and the ensuing crypto bear market. Solana Makes Historic Recovery, Eyes USDT Flippening Solana (SOL), the much-touted “Ethereum killer,” is again in the spotlight. After dominating the 2020-21 crypto bull market, the digital asset saw its value plummet after FTX’s spectacular collapse, led by Sam Bankman-Fried. However, SOL has staged an impressive comeback over the last two years. Related Reading: $4,000 Solana Price Possible As SOL Breaks Out Of Massive Cup And Handle Pattern At the time of writing, SOL is the fourth-largest cryptocurrency, with a reported market cap of over $123 billion. The layer-1 blockchain’s market cap is just $8 billion shy of overtaking stablecoin Tether’s (USDT) market cap of $130 billion. Notably, SOL needs a further 10% price appreciation to decisively increase USDT’s market cap and become the third-largest digital asset by market cap. SOL will only trail Bitcoin (BTC) and Ethereum (ETH) as the third-largest cryptocurrency. Given the token’s recent price trajectory, it won’t be surprising to see SOL surging past the leading stablecoin’s market cap before the end of the year. In the last three weeks alone, the token has experienced a remarkable 75% surge, rising from $148 on November 4 to $259 at the time of writing. While the broader crypto market has gained momentum following the victory of pro-crypto Republican US presidential candidate Donald Trump, attributing SOL’s rise solely to this would be disingenuous. Memecoin Frenzy, Increased Network Activity, ETF Potential Helped SOL SOL’s remarkable turnaround can be linked to several factors that have spurred increased network adoption. One of the most prominent contributors is the ongoing memecoin frenzy, which has emerged as a dominant narrative in the crypto market. Related Reading: Solana Memecoin Market Thrives: POPCAT Reaches New Record Price Of $1.75 Memecoins – particularly those based on the Solana blockchain – have emerged as the crypto market’s top narrative over the last year. In October alone, the total market cap of Solana-based memecoins surpassed $10 billion. This memecoin craze has also translated into heightened network activity for Solana. Between September and October, Solana saw a 42% month-over-month (MoM) increase in active addresses, amounting to approximately 123 million. Besides benefitting from the memecoin narrative, Solana has also seen increased decentralized finance (DeFi) activity throughout the year. According to DefiLlama data, Solana is home to the second-largest DeFi ecosystem in the world, with a total value locked (TVL) of $9.265 billion. In addition, there are growing prospects for a Solana-based exchange-traded fund (ETF). A recent report indicates that the US Securities and Exchange Commission (SEC) is holding active talks with multiple asset managers regarding the potential launch of a new spot Solana ETF. While SOL’s achievement of a new ATH is impressive, experts believe the token still has significant growth potential. At the time of writing, SOL trades at $259, up 6.2% over the past 24 hours. Featured image from Unsplash, charts from DefiLlama.com and Tradingview.com